Economy Legislation

Regulations governing economic policy, monetary matters, taxation, public spending, and market regulation.

The Merchant Shipping (Vessels in Commercial Use for Sport or Pleasure) Regulations 2025

Published: Thu 20th Nov 25

The UK enacted the Merchant Shipping (Vessels in Commercial Use for Sport or Pleasure) Regulations 2025, which consolidated prior rules, defined survey and certification procedures based on vessel size using specific Codes of Practice, established dispute resolution mechanisms, clarified certificate validity periods, and set out enforcement powers for non-compliance.


These Regulations update and consolidate the legal framework governing merchant vessels used in commercial activities related to sport or pleasure, applying to UK vessels globally and other seagoing vessels in UK waters, excluding those carrying more than twelve passengers or pleasure vessels not engaged commercially.

The legislation details specific survey and certification requirements based on vessel size (large vessels subject to the REG Code, small vessels subject to the SCV Code), establishes appeal processes including arbitration for survey disputes, outlines certificate validity and conditions for cancellation, sets out operational requirements, and defines offenses and detention powers for enforcement against non-compliant vessels.

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The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2025

Published: Wed 19th Nov 25

The Order amended the Regulated Activities Order to replace existing investment firm exemption criteria with options based on FCA-defined ancillary activity rules or annual thresholds, while also executing consequential updates following the revocation of an EU delegated regulation.


The Treasury enacted this Order using powers under the Financial Services and Markets Act 2000 to amend the Regulated Activities Order 2001, primarily by revising the exclusion criteria for firms dealing in commodity derivatives, emission allowances, and derivatives from the definition of an "investment firm." The amendment introduces the option for exclusion based on activities being ancillary to the firm's main business (assessed on a group basis) or falling below an annually determined threshold set by the Financial Conduct Authority (FCA), with the FCA granted rule-making powers to specify these conditions.

The Order also makes consequential amendments necessitated by the revocation of Commission Delegated Regulation (EU) 2017/592, establishing commencement dates across late 2025 and early 2027.

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The Electricity (Individual Exemption from the Requirement for a Transmission Licence) (Dogger Bank A) (Amendment) Order 2025

Published: Wed 19th Nov 25

* Extended the electricity transmission licence exemption for the Dogger Bank A Offshore Wind Farm for one year, from December 2025 to December 2026.


The Secretary of State made this Order under powers granted by the Electricity Act 1989 to amend the existing 2025 Order concerning the Dogger Bank A Offshore Wind Farm.

This amendment specifically extends the date until which the project is exempt from the requirement to hold an electricity transmission licence, changing the expiry date from December 19, 2025, to December 18, 2026, and the Order applies to England, Wales, and Scotland.

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The Trade Act 2021 (Power to Implement International Trade Agreements) (Extension to Expiry) Regulations 2025

Published: Tue 18th Nov 25

The regulations extended the expiry period for making statutory instruments to implement international trade agreements under the Trade Act 2021 by an additional five years, until the ten-year mark post-IP completion day.


The Secretary of State enacted these Regulations using the power granted by the Trade Act 2021 to extend the deadline for making regulations necessary to implement international trade agreements to which the UK is a signatory.

Specifically, the five-year period during which this regulation-making power can be used is extended, meaning no regulations under section 2(1) of the Act can be made after the end of ten years beginning with IP completion day.

Statutory approval from both Houses of Parliament preceded the coming into force of these regulations on December 30th, 2025, and they apply across England, Wales, Scotland, and Northern Ireland.

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The Customs Tariff (Establishment) (EU Exit) (Amendment) Regulations 2025

Published: Mon 17th Nov 25

The Treasury amended the Customs Tariff (Establishment) (EU Exit) Regulations 2020 to update the reference version of the UK Tariff and adjusted specific import duty rates for basmati rice and preserved fruit products.


These Regulations amend the 2020 EU Exit Customs Tariff Regulations by updating the official version of the United Kingdom Tariff document, effective 15th December 2025.

The amendment specifically increases the import duty rate for specific codes of husked basmati rice from 0% to £25 per 1000kg and rectifies a previous error by restoring the 14% duty rate for jams, fruit jellies, and related products under heading code 2007 99 93.

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The Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2025

Published: Thu 13th Nov 25

The Regulations extended the expiry date of pre-existing transitional arrangements enabling Gibraltar and UK financial services firms to operate across borders by 12 months, postponing the 2025 deadline to December 16th, 2026.


The Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2025, enacted by HM Treasury, exercise powers derived from earlier 2019 legislation to formally postpone the expiry date of existing transitional arrangements from 2025 to 2026 for specified categories of Gibraltar-based financial services firms operating in the UK, and vice versa.

These Regulations apply across England and Wales, Scotland, and Northern Ireland, and accompany an explanatory note confirming no significant impact assessment was required due to the minor, administrative nature of the extension.

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The Official Controls (Import of High-Risk Food and Feed of Non-Animal Origin) (Amendment of Commission Implementing Regulation (EU) 2019/1793) (England) Regulations 2025

The Regulations amended Commission Implementing Regulation (EU) 2019/1793 by updating commodity codes and substituting detailed annexes concerning temporary official controls and emergency measures for high-risk non-animal origin food and feed entering England.


These Regulations, titled the Official Controls (Import of High-Risk Food and Feed of Non-Animal Origin) (Amendment of Commission Implementing Regulation (EU) 2019/1793) (England) Regulations 2025, were enacted by the Secretary of State to amend the existing framework governing enhanced official controls on specific high-risk food and feed of non-animal origin entering England.

The key changes involve replacing the former Combined Nomenclature (CN) codes and TARIC sub-divisions with a single 'commodity code' structure to align with the UK's Integrated Tariff system, and substituting the previous Annexes I and II of EUR 2019/1793 with updated lists detailing required controls, hazards, and inspection frequencies for products originating from various third countries.

The Regulations extend to England and Wales but apply only to England, coming into force on January 1, 2026.

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The Oxford Street Development Corporation (Establishment) Order 2025

Published: Wed 5th Nov 25

The Order established the Oxford Street Development Corporation, defined its corresponding Mayoral development area in Greater London, and set its commencement date for January 1st, 2026.


This Order legally establishes the Oxford Street Development Corporation, effective from January 1st, 2026, pursuant to powers in the Localism Act 2011.

The Secretary of State makes the Order following notification from the Mayor of London regarding the designation of the Mayoral development area, which covers the Oxford Street area within Greater London, mapped precisely for reference, and names the newly established body the “Oxford Street Development Corporation.”

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